Binance

Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax

Nigeria has filed a lawsuit seeking to compel Binance to pay $79.5bn for economic losses the country’s government says were caused by the cryptocurrency exchange’s operations there and $2bn in…

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Binance’s former chief has to stay in US until February sentencing -filing

NEW YORK, (Reuters) - Former Binance chief Changpeng Zhao has to remain in the continental United States ahead of his sentencing for violating U.S. anti-money laundering laws, U.S. District Judge…

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Cristiano Ronaldo faces $1bn lawsuit over Binance ads

Footballer Cristiano Ronaldo is facing a class action lawsuit in the US over his promotion of Binance, the largest cryptocurrency exchange in the world. The plaintiffs claim his endorsement led…

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Binance sees $956 million in outflows after Zhao steps down to settle US probe

By Lisa Pauline Mattackal, Chris Prentice and Jonathan Stempel Nov 22 (Reuters) - Investors pulled about $956 million from crypto exchange Binance over the past 24 hours, market data showed,…

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Binance says to sell Russia business to CommEX

Sept 27 (Reuters) - Crypto exchange Binance said on Wednesday it has entered into an agreement to sell its Russia business to crypto exchange CommEX. Binance will have no ongoing…

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Binance withdraws application for crypto license in Germany

July 26 (Reuters) - Cryptocurrency exchange Binance said on Wednesday it had withdrawn its application for a crypto license in Germany. German regulators had told Binance they will not grant…

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Binance calls on Dutch users to remove crypto after failing to register

AMSTERDAM, July 19 (Reuters) - Binance, the largest cryptocurrency exchange, has asked its Dutch users to remove their crypto from its platform by August 17th, Dutch news agency ANP reported…

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15

Jul

Binance lays off employees days after executive exodus

By Jaiveer Shekhawat (Reuters) - Cryptocurrency exchange Binance has cut jobs just days after it was hit by a wave of executive exits, a source familiar with the matter told…

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29

Jun

Germany to reject Binance’s bid for a cryptocurrency licence

FRANKFURT, June 29 (Reuters) - German regulators have told Binance they will not grant it a cryptocurrency custody licence, a person with direct knowledge of the matter said on Thursday,…

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Binance’s European banking partner to withdraw support – CoinDesk

June 28 (Reuters) - Binance's European banking partner Paysafe Payment Solutions Ltd will stop supporting the U.S. cryptocurrency exchange from Sept. 25, CoinDesk reported . The crypto exchange will be…

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16

Jun

Binance under investigation in France for money-laundering

PARIS, June 16 (Reuters) - Binance, the largest cryptocurrency exchange, is under preliminary investigation for both illegal canvassing of clients and aggravated money-laundering, the Paris prosecutor's office said on Friday,…

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Binance to leave Netherlands

June 16 (Reuters) - Cryptocurrency exchange Binance said on Friday that it was leaving the Dutch market because is was unable to register as a virtual asset service provider with…

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10

Jun

Binance, world’s top crypto exchange, at center of US investigations

By Tom Wilson and Hannah Lang LONDON/WASHINGTON, (Reuters) - The world's biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the U.S. Securities and Exchange Commission…

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Binance.US suspends US dollar deposits after crackdown by regulators

June 8 (Reuters) - Crypto exchange Binance.US said on Thursday it is suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels as…

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Binance pulls out of Canada amid new crypto regulations

Binance said it was withdrawing from Canada, weeks after the country issued a series of new guidelines for cryptocurrency exchanges including investor limits and mandatory registrations. Canada has tightened regulations…

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UPDATED: Binance resumes bitcoin withdrawals after second pause

Four hour block on bitcoin withdrawals across Sunday and Monday Pending transactions cleared with higher fees - Binance SINGAPORE, May 8 (Reuters) - Cryptocurrency exchange Binance halted bitcoin withdrawals for…

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Israel seized Binance crypto accounts to ‘thwart’ Islamic State, document shows

By Tom Wilson and Angus Berwick (Reuters) - Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State…

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Australia cancels Binance’s financial services licence amid probe

By Lewis Jackson To close its Australian derivatives business Will not impact Australians using its spot exchange product Also faces regulatory actions in U.S., UK, Japan, Italy and Singapore (Reuters)…

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24

Mar

UPDATED: Binance halts deposits, withdrawals after technical glitches – CEO

LONDON, March 24 (Reuters) - Cryptocurrency exchange Binance has suspended deposits and withdrawals on its platform due to technical issues affecting its spot trading, Chief Executive Changpeng Zhao said in…

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06

Mar

Binance execs’ texts, documents show plan to avoid U.S. scrutiny – WSJ

(Reuters) - Binance, one of the world's largest cryptocurrency exchanges, developed a plan to avoid the threat of prosecution by U.S. authorities as it started an American entity in 2019,…

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02

Mar

Binance unit plans bid for Singapore crypto license

March 2 (Reuters) - Binance's custody unit Ceffu said on Thursday it is planning to apply for a permit to offer payment services in Singapore, as the crypto exchange makes…

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12

Jan

Crypto exchange Binance registers in Sweden

STOCKHOLM, Jan 12 (Reuters) - Sweden's financial watchdog said on Thursday it had registered crypto exchange Binance this week as a financial institute in the country. The registration allows Binance…

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French clients file complaint against Binance over social media marketing practices

By Tassilo Hummel PARIS, Dec 20 (Reuters) - A group of French crypto investors have filed a criminal complaint against Binance, accusing the world's biggest crypto exchange of misleading the public and…

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UPDATED: Crypto firm Binance says deposits returning after heavy withdrawals

By Tom Wilson and Rae Wee LONDON/SINGAPORE, Dec 14 (Reuters) - The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy…

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Binance withdrawals hit $1.9 bln in 24 hours, data firm says

LONDON, Dec 13 (Reuters) - Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world's biggest crypto exchange said it…

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UPDATED: Binance CEO says paused withdrawals after Ankr hack

Dec 2 (Reuters) - Binance paused withdrawals of Ankr tokens after the cryptocurrency exchange's CEO Changpeng Zhao said the tokens were possibly targeted by hackers. Ankr told decentralized exchanges to…

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Binance CEO says crypto industry needs clarity of regulations

NUSA DUA, INDONESIA, Nov 14 (Reuters) - Dominant cryptocurrency exchange Binance's chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent…

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Crypto markets teeter with FTX after Binance abandons bailout

HONG KONG/SINGAPORE, Nov 10 (Reuters) - Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of…

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Crypto exchange Binance helped Iranian firms trade $8 billion despite sanctions

LONDON, Nov 4 (Reuters) - Crypto giant Binance has processed Iranian transactions with a value of $8 billion since 2018 despite U.S. sanctions intended to cut Iran off from the…

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Hackers steal around $100 million cryptocurrency from Binance-linked blockchain

LONDON, Oct 7 (Reuters) - A blockchain linked to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, a Binance spokesperson said on Friday, the…

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Binance says it is winning crypto clients thanks to inflation

LIMA, (Reuters) - Binance, the world's largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies,…

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Binance served crypto traders in Iran for years despite U.S. sanctions, clients say

LONDON, July 11 (Reuters) - The world's largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, a Reuters…

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Bank of Spain includes Binance in its crypto registry

The Bank of Spain has registered the local unit of the world's largest crypto exchange Binance as a virtual currency platform with procedures in place against money laundering and financing…

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Crypto giant Binance opens 2,000 positions for hiring – CEO

June 15 (Reuters) - Cryptocurrency exchange Binance has opened 2,000 positions for hiring, Chief Executive Officer Changpeng Zhao said on Wednesday, a sharp contrast to a slew of job cuts by companies…

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Binance U.S. exchange sued by crypto investor over stablecoin collapse

Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called…

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Binance registers with Italy’s regulator amid plans to expand in Europe

Binance announced its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance…

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Binance registers with France crypto regulator, advances European plans

LONDON/PARIS (Reuters) -Cryptocurrency exchange Binance has registered with France’s market regulator, Chief Executive Officer Changpeng Zhao said in a tweet on Wednesday, advancing the company’s plan to make Paris its…

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SPECIAL REPORT – How crypto giant Binance built ties to a Russian FSB-linked agency

VILNIUS (Reuters) - In April 2021, Russia's financial intelligence unit met in Moscow with the regional head of Binance, the world's largest crypto exchange. The Russians wanted Binance to agree to hand…

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Crypto exchange Binance limits services in Russia after EU sanctions

April 21 (Reuters) - Binance, the largest crypto exchange by trading volumes, said on Thursday it is limiting services for Russian nationals that have crypto assets exceeding 10,000 euros ($10,912.00), in light…

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Binance CEO praises ‘pro-crypto’ France as it pursues base there

PARIS, April 13 (Reuters) - Binance boss Changpeng Zhao praised France for its "pro-crypto" regulations on Wednesday, as the world's biggest cryptocurrency exchange pursues plans to make Paris its European base. Zhao,…

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Crypto exchange Binance among investors to bail out victims of $615 mln heist

LONDON, April 6 (Reuters) - Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million digital coin theft, the company targeted in the heist said on…

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Binance steps up hiring, activity in crypto hub Dubai

DUBAI, March 31 (Reuters) - Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the United Arab Emirates (UAE) and is helping to shape Dubai's new virtual…

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Binance CEO turned down purchase of Chelsea – spokesperson

LONDON, March 8 (Reuters) - The chief executive of crypto exchange Binance discussed buying Russian billionaire Roman Abramovich's Premier League soccer club Chelsea but has ruled out any such deal, a spokesperson…

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Coinbase, Binance resist calls to kick Russians off crypto platforms

March 4 (Reuters) - Two of the world's biggest cryptocurrency exchanges, Coinbase Global Inc COIN.O and Binance, rejected calls on Friday for a blanket ban on all Russian users to stop their platforms from…

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Crypto exchange Binance says will not accept cards of sanctioned Russian banks

MOSCOW, March 3 (Reuters) - Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have…

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Crypto exchange Binance blocks Russian users targeted by sanctions

LONDON/MOSCOW, Feb 28 (Reuters) - Crypto exchange Binance is blocking the accounts of any Russian clients targeted by sanctions, it told Reuters on Monday, but will not freeze the accounts of others…

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Crypto exchange Binance to invest $200 mln in U.S. media firm Forbes

Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said this week, as it prepares to go public via a special purpose acquisition company…

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Crypto exchange Binance gets in-principle nod from Bahrain

DUBAI, Dec 27 (Reuters) - Binance has received in-principle approval from the Central Bank of Bahrain (CBB) to become a crypto-asset service provider in the kingdom, the company said on…

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Turkish unit of crypto exchange Binance fined

Turkey's Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news…

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Binance affiliate says will withdraw Singapore licence application

HONG KONG, Dec 13 (Reuters) - The Singapore affiliate of Binance, one of the world's largest cryptocurrency exchanges, said on Monday it will withdraw its local licence application and wind…

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Anti-money laundering credentials key for Binance’s Paris plans – regulator

PARIS, Nov 25 (Reuters) - France's financial sector regulator said on Thursday that crypto exchange Binance must focus on its anti-money laundering compliance if it wants regulatory backing to set…

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Binance U.S. may raise ‘couple hundred million’ in funding, CEO says

Binance's U.S. unit may raise a "couple hundred million" dollars in a funding round set to close in a month or two and the global cryptocurrency exchange has also decided…

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Binance to halt Chinese yuan trading amid Beijing’s crypto crackdown

Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors…

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Binance to stop Singapore users buying or trading crypto on main platform

Binance, one of the world's largest cryptocurrency exchanges, said on Monday that users in Singapore would no longer be allowed buy and trade cryptocurrencies on its main platform, to comply…

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U.S. probes possible insider trading at Binance – Bloomberg News

Sept 17 (Reuters) - U.S. officials are examining possible insider trading and market manipulation at Binance, Bloomberg News reported on Friday, potentially adding more heat to the cryptocurrency exchange that…

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Binance removes Singapore products on main platform after regulator’s warning

Embattled Binance, one of the world's largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state's central bank said it should stop offering payment…

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Binance can’t be supervised properly, says UK financial watchdog

The world's biggest crypto exchange Binance is not capable of being supervised properly and poses a significant risk to consumers, Britain's Financial Conduct Authority (FCA) said in a document published.…

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